However, this number may see a significant leap as Singtel has confirmed that a consortium comprising KKR & Co and itself is in discussions to acquire ST Telemedia’s Global Data Centres (STT GDC) in a deal valued at approximately $5 billion.
For the next 12 months, Singapore Telecommunications (Singtel) will ride the AI boom to grow Nxera, its data centre arm, which was launched in January last year. It has plans to grow its capacity to over 200MW by 2028 organically.
“We are putting in more capital to work with Nxera to grow organically,” says group CFO Arthur Lang during the group’s 1HFY2026 ended Sept 30 results briefing, adding that the pipeline includes the upcoming Tuas data centre (DC) in Singapore, as well as in other markets like Thailand, Indonesia and Malaysia. Nxera is also exploring the Japanese market.
